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20121201
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Search Results 0 to 49 of about 53 (some duplicates have been removed)
PBS
Dec 11, 2012 3:00pm PST
pennsylvania. >> woodruff: we examine an almost $2 billion government settlement with british bank hsbc over charges of money laundering for the nation of iran and mexican drug cartels. >> suarez: jeffrey brown profiles chinese artist and dissident ai wei wei, whose work is on exhibit in the u.s. for the first time. >> if we can change ourselves, that means part of society will change. if more people can do so, then we can change the society. >> woodruff: and we look at what the federal trade commission calls a "digital danger zone," mobile applications that gather data about children. >> what needs to be done is a way for parents to easily at any time see exactly what's being collected and who they are sharing that information with. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these insti
PBS
Dec 11, 2012 4:30pm PST
-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employees to join and pay dues. the move would make michigan, one of the most union-friendly states, the 24th "right to work" state, where union dues are voluntary. >> tom: more bumpy skies for boeing's 787 dreamliner. boeing's much anticipated and high-profile plane was grounded last week, according to "the new york times." the federal aviation administration also has ordered that fuel line connectors on all 787s be inspected. analysts call these problems minor hiccups. but as sylvia hall reports, the dreamliner's profitability to boeing right now is raising bigger concerns. >> reporter: boeing's 787 dreamliner promises to use about 20% less fuel than other planes. that's a big deal for an airline industry struggling with fuel costs.
FOX Business
Dec 11, 2012 10:00pm EST
, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is -- where is the outrage that lenny brewer, already -- certainly implicated in the "fast and furious" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you se
FOX Business
Dec 11, 2012 1:00pm EST
a pro. melissa: breaking news right now. the justice department announcing hsbc will pay a whopping $1.9 billion to settle a money-laundering probe. o'connell charges be filed? adam shapiro in the news from following this story so closely and has more now. adam. >> we're all getting caught up in $1.9 billion historic fine, but not one person from hsbc will be prosecuted for what the assistant u.s. attorney general says was blatant and egregious violations of u.s. law. it is worse than that. they went on his hsbc work with governments to break the law, foreign governments with terrorists they threatened by their actions the lives of u.s. citizens. saying at one point, and this is a quote, he says i don't think anyone is alleging hsbc was the mastermind of many of these schemes. rather the compliance was so lax that it was allowed to happen. listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. in his own words. >> on at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not b
FOX Business
Dec 11, 2012 7:00pm EST
, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-sizprice. this is awesome. [ male annncer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. l
CNBC
Dec 11, 2012 4:00am EST
.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about
PBS
Dec 11, 2012 7:00pm PST
, thanks. it seems bankers were a little too lax with their bankers. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the
CNBC
Dec 3, 2012 4:00am EST
factories pick up the pace in november, both hsbc and the official pmi readings hit multimonth highs, both in expansion territory. it's another month of contraction for manufacturing in the eurozone. the region still in the grip of the crisis. white house and congress may need to call the auto club to jump-start budget talks which have stalled on discussions over taxes. and singapore airlines confirms it's in talks to sell its stake in virgin atlantic. delta is amongst the frontrunners. comes around quickly. december, we're already here. not long before christmas and we have the november final pmis out of the eurozone confirmed at 46.2. that was the flash, 45.4 was october. so slightly higher. the highest since march. but 46 still deep in contraction territory. output numbers, 46.1. so that's going in the right direction. and the final manufacturing pmi export orders 46.4. again, a tick higher than the 45.9 flash, the highest since march. so the contraction activity easing to an eight month low if you can explain away like that. euro-dollar 1.3026. we did gets a high as 1.3048 which would
CNN
Dec 11, 2012 11:00am PST
to the meltdown. also today, global banking giant hsbc agrees to a record payment $1.92 billion. yes, that's billion with a b to settle accusations of money laundering. check this out. a report by the senate banking committee found that hsbc in mexico shipped $7 billion in cash across the u.s. border. 7 billion bucks, no way there wasn't a bunch of drug money there. great guest here on this today, a man who told me at the commercial break likes to get to say, i told you so. neil barofsky, the head of hsbc here, his name is stuart gulliver. we accept responsibility for our past mistakes, goes on to say we have said we're profoundly sorry and we say so again. neil, is there any way these banking officials did not know they were dealing with drug money? >> look, you look at the scope and size of the conduct that is described in the settlement and just the number of the settlement of $2 billion. >> huge. >> the notion this wasn't something that was known on senior levels of the banks. at least they had plenty of reason to suspect that this was ongoing. and gulliver should be happy today. he ju
CNN
Dec 11, 2012 9:00am PST
. a record settlement but no prosecution at global banking giant hsbc. admits it failed to stop money laundering by mexican drug cartels and terrorism financiers. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> this is where high finance and street crime intersect could be a problem on your street as well. talking about the banking giant hsbc, europe's largest, have to pay $2 billion to settle investigation by u.s. prosecutors who are looking into international drug money laundering. investigators say the bank ignored rules that could have stopped this laundering operation, that the money went to drug cartels and terrorists. jim bolden is joining us london. what happened? >> reporter: well, suzanne, this is interesting. all of these banks have been fined by the u.s. government over last few years but hsbc, by far, the biggest. this fine, as you say, $1.9 billion. the go
FOX
Dec 4, 2012 4:00am PST
to be questioning financial firms such as jpmorgan chase, citigroup and hsbc in connection with the libor rate fixing scandal. trying to limit damage from the phone hacking scandal that engulfed his news of the world paper, rupert murdoch is speeding through the split-up of his media empire. in june, murdoch announced that news corporation would split into two, separating publishing assets from the more lucrative film and television arm of the business. news corp. announced additional deatils of the split this week, including the shuttering of the daily, a tablet-only publication that has struggled to find a foothold in the marketplace. a major deal is happening in the dairy industry. in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year. the mayor of newark, new jersey
FOX
Dec 7, 2012 4:00am PST
,000 people worldwide. bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is getting picked up by another carrier. t-mobile will begin selling the iphone next year. talks are back in the fiscal fight. according to the wall street journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the presdient
FOX
Dec 26, 2012 4:00am PST
with that big loss, goldman sachs makes list, hsbc. did it change people's perceptions of these big banks? > > when we look at the data, we can see that trust in the financial service industry has further eroded. so any time you have a crisis like that, it has an impact on the company overall. but when you have a bunch of companies together, it does erode trust in the industry as a whole. > there was also a tragic event that made the list: costa concordia. > > yes. costa concordia, we all remember the images of the half-tipped-over cruise ship right there off the coast of italy. it was a tragic case, it was obviously a loss of lives and a tragic situation all around. what made it particularly striking, however, was some of the kind of bizarre circumstances surrounding the behavior of the captain at the time. and that immediately raised questions about the safety standards at the operator. > that's right, thoughts of an affair with a younger woman, and there were just a lot of details on that. moving on to apple and foxconn. this was a shocking story to a lot of people as to how people wer
CNN
Dec 11, 2012 2:00am PST
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also classif
FOX Business
Dec 13, 2012 1:00pm EST
%. a move snapping two straight days of gains. ashley: on deck hsbc paying uncle sam nearly $2 billion for money-laundering by fox news judge andrew napolitano says the bank owes nothing. tracy: first, a look at the 10 and 30-year treasuries heading out to break. >> i am lori rothman. comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated press reporting texas rangers gm say
FOX Business
Dec 10, 2012 4:00pm EST
.s. authorities are preparing to announce a record $1.9 billion settlement with hsbc to settle multiple investigations that the bank ignored possible money laundering. hsbc admitted to poor money laundering controls last summer following a u.s. senate investigation. >>> the journal reports that the settlement could be announced as early as tuesday. >>> petsmart and limited brands are the latest in a long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes in the new year. petsmart declared a special dividend of 16.5 cents a share payable to investors december 30 first. it would have been payable in february. that is the latest from the fox business network, giving you the power to prosper liz: so the robert f. kennedy center for justice and human rights is holding its annual holiday auctions. this one's amazing for business viewers. it is ending tomorrow. this year the fund-raiser is featuring a whole bunch items with financial leaders one of whom joins us right now. robert wolf is the ceo and founder of 32 advisors and formerly
CNN
Dec 12, 2012 11:00am PST
. >> europe's biggest bank, you heard about this, hsbc agreed to pony up close to $2 billion to settle accusations of money laundering. the senate banking committee they found that hsbc in mexico shipped $7 billion in cash, mind you, across the border, maybe turned a blind eye to where the money came from, want you to listen to neil barofsky, we had him on the show yesterday, and i asked him whether top bank officials knew they were handling drug money there. >> the notion that this wasn't something that was known on senior levels of the banks, at least they had plenty of reason to suspect that this was ongoing and, look, i think somebody described it as the biggest slap on the wrist in the history of banking fines. >> stuart gulliver receiving the big wrist slap in terms of bank fines. told me 2 billion bucks, that was chump change and it shows that crime pays. what do you think? >> i think any big bank, anybody in charge of the bank, bears responsibility for the conduct of the bank. hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss.
CNN
Dec 11, 2012 4:00am PST
israel coming up next. >>> does the nfl have a gun culture? >>> and business news. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this i
CNBC
Dec 10, 2012 4:00pm EST
. >>> let's go back over to kayla tausche for the market flash. >> we're watching shares of hsbc with word coming in that the bank and the federal regulators are near a settlement that will be record in size. roughly $9 billion and announced tomorrow. that is over just allegations that hsbc had controls in place for money laundering to places like iran and other regions where u.s. has financial sanctions there. that would be a record settlement and comes at a time when being hit about that exact issue. we'll be watching the tape for that tomorrow. >> all right. thank you very much. >>> so death to the dreaded death tax? one of our next guests says they hurt the economy more than they help and he calls them jobs killers. a heated debate on the death tax coming up here. >>> but coming up next, more republican lawmakers are saying they are open to higher tax rates on the rich if they come with spending cuts. that's a really big if. we're going to speak with one gocongressman who will lay out the spending cuts he would like to see, he needs to see in order to vote on the higher taxes. >>> and
CNBC
Dec 6, 2012 4:00am EST
ended marginally in the red. hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over the last five years. and i guess the apple story if you're a bear is a potential nokia story, a story about a company that is dominating its space at the moment, but priced for perfection. so who knows if there is a disappoint coming. but if there is, there's not much margin for error. gr it all depends on whether we'll be buying other products other than apple in five
CNBC
Dec 20, 2012 4:00am EST
's biggest bank, hsbc, bank santander and international finance corporation are among them. it is layer for a japanese bank to lead such a large, financial deal especially when there isn't any local corporate or government involvement. this project could mark a milestone for japanese banks in their attempt to create a bigger presence in the global market. the plant will be built by braskan and mexico's group odessa. it's due to start operations by 2015. that's all from nikkei business report. back to you, kelly. >> thanks very much for that. >>> now, plans for the london and moscow listings suffered a blow this year when goldman sachs withdrew as a lead individualser on the ipo of alleged corporate governance issues. in a cnbc global exclusive, geoff cutmore asked alisher usmanov if events in october hurt his relationships. >> translator: i have always respected lloyd blankfein. goldman sachs is a company with which we are working with, the company that i control is working with. that is to say, i believe we will continue to work with gold pan sacks in the future. there is no doubt in m
CNN
Dec 23, 2012 7:00am PST
more competitive. according to hsbc in 2000 mexican workers earned nearly five times the salary of their chinese peers. but by 2011, mexican workers were only about a third more expensive than chinese workers. when you project all these advantages into the next few years, mexico's economic future looks robust. the national intelligence council released an important report called "global trends 2030" one trend it looks at is how demographic changes will shape the world. countries with younger, more dynamic populations will grow faster. while the median age in mexico will be 30, 40, japan's median age will hit 52. america actually has an advantage here at 39. our median age will only be five years older than that of mexico's. trends don't ensure particular outcome, but it's clear that contrary to its global image, mexico's economy has momentum. it will be among the world's top ten economies by the end of this decade. smart reforms can build it further. the irony is that one possible impediment to mexico's growth could be the very country that is its biggest asset, the united state
WHUT
Dec 31, 2012 6:00pm EST
and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank money laundered billions of dollars and they cannot find anyone to put in jail. >> i had a chance to speak directly to leonard peltier when he called into a news conference organized by his lawyers and pete seeger. >> what would you do if you were free? >> probably go home on house arrest. that is the only thing i could expect. i do not think obama would do what bill clinton did. he is not going to give any clemencies until his last year. it is not going to happen. george bush signed the second chance act, which is house arrest, so we are pushing for that. if i do get house arrest, at least i can get some medical
FOX News
Dec 11, 2012 8:00am PST
is hsbc, apparently avoiding a criminal indictment but only because filing criminal charges could have destabilized the world's financial system. instead, the bank pay a record penalty. nearly $2 billion this that settlement, and as rick was just mentioning, the bank is facing a slew of accusations including that it transferred funds to mexican drug cartels and also transferred funds to nations like iran, evading international sanctions. charlie gasparino has more from the fox business network. charlie, is this unique only to hsbc, or is in the first domino to fall here? >> well, i mean, there may be other banks, but it follows a pattern that the justice department has used since arthur anderson following the enron scandal. they didn't want to put any more big companies out of business, so they go into these deferred prosecution agreements, today hit the bank with a big fine and then today kind of move on. what's kind of like -- what's not good about this is that if you think about it, shareholders are suffering when you had probably individual employees who committed possible crimes h
MSNBC
Dec 16, 2012 5:00am PST
legal risks. hsbc this week, agreed to a record $1.9 billion with a "b" settlement of money laundering with sanctions with iran and north korea. some prosecutors wanted to bring charges but the u.s. officials were concerned the consequence would cripple the bank in the u.s. hsbc executive said the bank was quote, profoundly sorry. before taxes, hsbc made $12.7 billion in profits the first half of this year, which makes it too big to prosecute. health care exchanged defined by the affordable care act to get health insurance for coverage and affordability. they will require federal involvement. utah and florida are undecided. 22 states who oppose the president will rely most on the obama administration to make health care coverage available to the residents least able to afford it. finally, where unions stand with chicago mayor rahm emanuel. in the week his former boss la meanted in michigan, he switched a contract to a non-union contractor. 300 union members will lose their jobs. they are not guaranteed full time work, will not have full health care coverage. it's owned by a man describ
FOX Business
Dec 11, 2012 4:00pm EST
. other top headline, five stories, one min. hsbc paying $1.29 billion fine to settle a multiyear probe. the u.s. justice department saying the bank failed to endorse rules to prevent laundering of criminal cash. 49% stake in virgin atlantic airways for $360 million. they begin a joint venture on daily round trip flights between the the u.k. and north america. direct tv charging $3 more a month for sports network for those who want packages above the lowest tier. the 20 # 13 l.a. dodgers set to have the largest opening day payroll in major league baseball history with a recent report saying the payroll is more than $220 million beating out the previous record held by, yes, 2008's david's new york yankees, and speaking of the yankees, dropping stubhub as the retailer of choice. the refusal to set a price floor for transactions prompted the team to opt out of the deal, and, yes, i blew it. you heard the buzzer. david: oh, you were close. we've seen images of angry protesters in michigan heating up all over michigan, but despite the push back, the house there approved a right-to-work bill
CNBC
Dec 31, 2012 5:00pm EST
, the best performer on the s&p 500 today, up 8.4%, moving higher on those numbers out of china, the hsbc manufacturing index strongest in 18 months. however, down from the previous month. new export activity fell because of this weak demand. so, the big question, will the momentum continue? this stock actually the worst performer on the s&p 500 for the year. >> wow. the worst, but at the same time, we're seeing iron ore prices, huge fourth quarter. >> closed at $140 today. they were at $86 eight weeks ago. people were pricing in death and destruction for coke and coal. the cliffs are 92% coke and coal, iron ore. this is an impressive stock to look at because this is a barometer. we broke through major levels on this stock today. i think it goes higher. i think the other guys in the space go higher. >> the only problem, though, tim, is that cliffs was lagging iron ore prices. we spoke about it in september, it was down to $85, $86. now it looks like -- i'm talking about iron ore. it looks like it's hitting a wall. clutches did lag. i feel like it had too big of a move. >> iron ore prices
ABC
Dec 11, 2012 1:40am PST
will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his money. a jury in tampa convicted her of the 2009 murder of abraham shakespeare who had won $17 million. he was found buried in concrete in the backyard of her boyfriend. the judge called her cold, calculating, and cruel. >>> we now know the identity of the second lucky winner of that record powerball jackpot. matthew goode had tried to remain anonymous in claiming his share of the $587 million prize. yeah, that didn't happen. it was only a matter of time before his name was discovered. he is originally from pennsylvania, but moved to phoenix area last year. he took a one-time payout of $192 million, telling officials he was worried about paying higher taxes next year because of the fiscal
FOX News
Dec 11, 2012 3:00am PST
on to the head and died from his injuries. it is it the largest fine paid by a bank. hsbc agreed to pay 1.89 billion to settle a money laundering case. it is for nations like iran and enabled mexican drug cartels to move money loolly through the american subsidaries. are you ready for some country? ♪ ♪ wrecked my heart. ♪ i should never let go. ♪ the one that good away. >> gretchen: the american country award kicked off in vegas. luke bryant took home nine awards including artist of the year. >> country music. we get to do what we love and for people who are honest and hard working and beautiful people thoo support great music. >> he went on to do the right thing thanking his wife and band and all of the fans and those are your headlines. >> steve: very nice. michigan is poised later today to pass landmark legislation. big labor is furous and marshalling the troops. if you were at the afo head quart ares in michigan, you would have seen cars with license plates from georgia, minnesota and ohio and illinois and they are angry that the people of the great state of the michigan will
CNBC
Dec 5, 2012 4:00am EST
followed suit and declined to a 16-month high. insurance surged 5% after hsbc explored a stake group. the nikkei closed at a seven-month high. shares gained 4% after the qualcomm investment firm. in south korea, samsung hit another all-time high, helping the kospi finish higher by .6 of a percent. this despite a slightly slower gdp growth in q3. back to you. >> sixuan, thanks very much indeed for that. that's feeding into european markets. flat as a pancake. this is where we stand. ftse 100 up half a percent. cac up 7%. break that down into sectors, you will see basic resources, best gainer. that son the back of the chinese data. banks not doing too badly as well, so europe helping out a little bit on that side as well. three sectors. household goods. certainly having the market impact at the moment. plenty of other data to go. on the debt markets, we'll keep our eyes on spanish auctions. probably nothing too much to worry about there. this is the service sector and the autumn statement will get a big focus for guilts today. 1.83% on the yields. on the currency markets, we talked abo
FOX News
Dec 11, 2012 6:00am PST
that the hsbc bank intentionally allowed prohibited transactions with iran, libya, sudan, and berm a, this is the u.s. department of justice that actually filed these felony criminal charges against the bank. it was widely expected precursor to a deferred prosecution agreement under which the bank would pay $1.9 billion to resolve money laundering charges. some background on a few of these countries designated state sponsors terrorism. >> this morning the number one story days this live action that is playing out in lansing, michigan. you see union supporters chanting an in the say the capitol, so reminiscent of what we saw in wisconsin as they battled the unions in their state. michigan has long been a very solid baston of union support and companies with all the union automakers having a presence there. this is a little bit of the sentiment being expressed by the union supporters on the ground there. >> how can you protect us was a union and protect our collective bargaining rights. it will erode what we worked very hard to achieve if it goes through. >> i'm all for right to work.
CNBC
Dec 14, 2012 4:00am EST
's speculation of state backed institutional buying and a better early pmi reading from hsbc. that showed china's factory activity climbed to a 14-month high. it's the fifth straight monthly gain with new orders to a 19-month high and stronger job snaps, as well. on the markets, infrastructure placed the top gainers. hope for beijing's urban growth plan. financials soared on cheap valuations. shares in hong kong got a modest lift, ending higher by .7%. petrochina ended 1.3% higher. in japan's, the tankan pure say might have put more pressure on the boj to raise rates next week. sharp shares gained nearly 8% today and it has chalked up a more than 50% rise on short covering. >> the aussie market ended flat around its 17-month high. the index sensex is higher by .5%. back to you. >> thank you for that. were seeing the dow poised to open higher. similar gains to the nasdaq and s&p 500, which have been rallying this weeks, but not by great leaps and bounds. the cnbc ftse 300 is lower by 0.2%. european bourses are mixed. we are seeing the mib and the ibex in italy gaining on the day. still adding ab
CNBC
Dec 3, 2012 6:00am EST
market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the country's efforts to cut its about a along debt. and in germany, merkel is not ruling out the possibility of notifying greece some of its debt once athens finances are in better shape. angela merkel told a german tabloid that the question of the so-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens
CNBC
Dec 7, 2012 9:00am EST
reuters which follows these things and keeps track of them. we're talking, you know, latest deal hsbc $9.4 billion sale. 15.6% stake in insurance group to thailand based investor group but we're talking about cross border when we talk about china don't forget. we focus so often on u.s. and u.s. companies. the chinese may not be doing a lot of investing for various reasons including political considerations, but they are investing around the world aggressively when it comes to resources. no deal more reflective of that than the one we are waiting for, investors in takeover space are waiting for approval if it does, i'm talking about cnooc's. we'll see if that deal is going to occur. many expect that it will. that seems to be where it is. one never knows on these important issues but again another deal, important deal adding to that very large total for m&m out of china. >> something to watch going into 2013. >>> whirlpool has had the fourth best performance on the s&p 500 so far this year. we'll talk to the ceo about his plan to expand in the united states coming up in the next hour. >>>
CNBC
Dec 19, 2012 6:00am EST
that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said and done. $1.5 billion. >> probably lost. they did well. the libor stuff, if you can set rates -- >> well, and the crazy thing, it affects so many different instruments and so many people and so many businesses. >> right. >> i don't know that you could ever actually figure out all the implications from it. >> right. from everyone. and in a related story this morning, the f.t. reports that the new york fed was warned as early as mid 2008 that banks might have been misrepresenting their libor borrowing rate. that was to aid their own trading positions. and that date is much earlier than previously known. according to the f.t., yep, then-new york fed president tim
CNBC
Dec 6, 2012 6:00am EST
will further dent profit growth this year. and hsbc reportedly might pay a fine of $1.8 billion as part of a settlement with u.s. law enforcement agencies. the settlement could be announced as soon as next week and has to do with money laundering lapses. the deal could be a test case for just how big a signal prosecutors want to send to halt the list of flows of money through u.s. banks. but that was billion with a b. let's get a check on the markets this morning. after the moves we saw yesterday, the dow up triple digits at one point. that the poebts you can see that the futures are indicated higher once again after it closed up about 85. in europe, right now at least there are some green arrows. best performer among those three indexes is the dax in germany. up 75. you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is
MSNBC
Dec 11, 2012 3:00am PST
of papers. "san francisco chronicle." $1.9 billion settlement with british giant hsbc. they were charged with enabling drug cartels to launder money through the american financial system. >> is that bad? >> billions have dollars on behalf of iran. >> they keep moving the lines. >> i wish the regulators would pass a freakin law and stick with it. >> put your earpiece in so they can tell you to be quiet. >> to laund-if you can't laundey through mexican cartels, what can you do these days? >> sharing with marketers and other third parties without notifying parents. >> this is just not good. >> only 20% of children's apps provide disclosures about that data collection. >> this is the cutest thing. the pope is tweeting. "usa today," pope benedict will make history tomorrow when he takes to twitter to answer his pari parishioner's questions. he already has 900,000 followers in eight languages on his handle at pontiff-x. >> he follows me. >> 900,000 for the pope? beaver's got like 25 million. you would think the pope would be -- >> get off his back! >> i want to do that at some point. i know we
CNBC
Dec 19, 2012 4:00am EST
institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have already left the bank. they also gave us a bit more information on what kind of impact this will have on profits. they see a fourth quarter net loss of around 2.5 billion swig franks. a full-year profit of 2.5 to 3 billion. and the most important part, why shares are trading up. they still expect a fourth quarter net new money being positive. and again, i mean, it's puzzling to some. on the other hand, investors are clearly focusing on the rebound story much more than the lobbyer story because, you know, these are things of the past. >> and also it's the "wall street journal" reporti
CNBC
Dec 10, 2012 9:00am EST
the focus turns once you have the news of monti's resignation. one thing we do want to note, hsbc had its rating cut from double a minus to double a. abercrombie & fitch, open humor out with a notice saying the retailer looks to the markets over the holidays. s intermec is looking to be up in 2013. jim, back to you. >> let's shift to the bonds and dollars. >> you know, looking at the ten-year, seeing it hovering around 160, is about as shocking as the sun coming up in the morning. but nonetheless, last week on interday trades, looked like we were going to close in the high 150s, which would have taken us back many more months. you can see the closing yield chart, going back all the way to august 1st. now, look at boon yields. political issues. you can have the best-laid plans by central banks in the end. ballot boxes, politics, it can get messy. think about what's going on here. now, if we look at the boon going back to august 1st, it's a differe bit of a different pattern. it is hovering at the lowest yields. it did close below yields since august. if we switch gears a bit, move a little
CNBC
Dec 11, 2012 6:00am EST
of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or what happens systemically. >> is this your sequel? >> i was on the phone last night. one of the two publishers that are left. we have other news on wall street this morning, morgan stanley said to be considering asking th
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